The film concerns the misfortunes of an innocent woman, Ah Ling, who lives with her father in Hangzhou, where they rent a boat transporting passengers across the West Lake. Ah Ling is in love with Tie’er, a factory worker who takes her boat every day. The peaceful life is disrupted by the appearance of a playboy artist from Shanghai.
Pink Dream tells the story of a young novelist who is supported by a loving and hard-working wife. The novelist, however, is drawn to the decadent life of a socialite who introduces him to the dance halls that dot Shanghai. As the film progresses, the novelist soon learns of the emptiness of this urban existence and rejects it as a "pink dream."
